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Dec 30, 2012
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in washington, down to the wire for the fiscal cliff. letsz than 48 hours for washington to make a deal. both houses of congress are meeting today in rare sunday sessions. the senate is convening at 1:00. the house an hour later at 2:00. the earliest we could see a vote is 6:30 p.m. eastern time. you can catch that live coverage of it right here on cnn. >>> to massachusetts now where a
in washington, down to the wire for the fiscal cliff. letsz than 48 hours for washington to make a deal. both houses of congress are meeting today in rare sunday sessions. the senate is convening at 1:00. the house an hour later at 2:00. the earliest we could see a vote is 6:30 p.m. eastern time. you can catch that live coverage of it right here on cnn. >>> to massachusetts now where a
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Dec 22, 2012
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besides the fiscal cliff, washington is a buzz. we talk about gun control. there's one big roadblock to getting a new law, national rifle association. the nra has one of the most powerful lobbies in washington and yesterday they set a defiant tone. >> the only way to stop a monster from killing our kids is to be personally involved and invest in a plan of absolute protection. the only thing that stops a bad guy with a gun is a good guy with a gun. would you rather have your 911 call bring a good guy with a gun from a mile away or from a minute away? >> the nra has a plan and that plan is to put armed guards in every school and they've called on congress to make it happen. they've even started their own initiative to promote it. cnn national correspondent susan candiotti joins us from new york. not quite what some people had hoped to hear from nra. we were all awaiting this big statement and that's what we got. >> good morning, randi. a lot of people had hoped in the wake of the tragedy at sandy hook elementary school, the nra would offer some concessions and
besides the fiscal cliff, washington is a buzz. we talk about gun control. there's one big roadblock to getting a new law, national rifle association. the nra has one of the most powerful lobbies in washington and yesterday they set a defiant tone. >> the only way to stop a monster from killing our kids is to be personally involved and invest in a plan of absolute protection. the only thing that stops a bad guy with a gun is a good guy with a gun. would you rather have your 911 call bring...
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Dec 31, 2012
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head over that fiscal cliff. before we get back to the clinton story, i want to check in now with liza, she's standing by watching all the negotiations going on. where are we, are we closer to any sort of resolution, lisa? >> reporter: i hate to say it, don, but we don't know. let me give you a summary, because i know we have other breaking news about secretary clinton. point number one, negotiations right now are back to the point where it's between, essentially, two men. direct talks right now are between senate republican leader mitch mcconnell and vice president joe biden. biden is known for contacts in the senate and is called the senate whisperer, known as getting things through the senate when nobody else can. those are the two men in contact tonight trying to forge a deal. here's point number two, there was one battle today that democrats won, it was over something called the change cpa. it's basically a different way of calculating the cost of living. republicans wanted to use it in this deal, democrats
head over that fiscal cliff. before we get back to the clinton story, i want to check in now with liza, she's standing by watching all the negotiations going on. where are we, are we closer to any sort of resolution, lisa? >> reporter: i hate to say it, don, but we don't know. let me give you a summary, because i know we have other breaking news about secretary clinton. point number one, negotiations right now are back to the point where it's between, essentially, two men. direct talks...
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Dec 20, 2012
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stock futures are down this morning as fiscal cliff talks stall in washington. >> so here's the deal. you can see a delay in getting your tax refund next year unless congress moves on the fiscal cliff soon. this is going to hurt all of us. christine has details. >> we're already there. tax season starts in a couple weeks. you're going to start getting 1099s at the end of january and you have companies -- the government can't change in just one week or two weeks. if you're talking about having to make retro active tax changes, i mean it's really a mess. i want to talk about the amt in particular here. you know, the irs acting director warned congress about a real problem with not passing an amt patch. if the amt patch goes away, every year we patch this amt. amt was meant to make sure that rich people paid a minimum amount of tax now because of the way congress designed it in the infinite black wisdom. it gets middle class people every year. there is a patch to make sure you don't get slammed with amt. 30 million more people would pay the amt. 100 million tax refunds would be delayed.
stock futures are down this morning as fiscal cliff talks stall in washington. >> so here's the deal. you can see a delay in getting your tax refund next year unless congress moves on the fiscal cliff soon. this is going to hurt all of us. christine has details. >> we're already there. tax season starts in a couple weeks. you're going to start getting 1099s at the end of january and you have companies -- the government can't change in just one week or two weeks. if you're talking...
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Dec 27, 2012
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cliff talks in washington. stocks could take a big hit next week if congress does not make a decision in time. adding to concerns treasury secretary timothy geithner warning congress yesterday we will reach the nation's debt ceiling on monday. that's when the government reaches its legal borrowing limit. treasury can keep the government operating a couple of weeks using emergency measures but congress needs to act on this too to avoid a full-blown debt crisis. >>> toyota is announcing a record $1.1 billion settlement over the unintended accelerator issue. it will go directly to its customers past and present. toyota will install brake override systems for vehicles identified by toyota as having problems with floor mats getting stuck. toyota also setting aside $250 million to compensate owners who sold their cars while values were plummeting. a separate $250 million will be used to compensate owners who don't qualify for the brake override system and finally all 16 million current toyota owners will be eligible
cliff talks in washington. stocks could take a big hit next week if congress does not make a decision in time. adding to concerns treasury secretary timothy geithner warning congress yesterday we will reach the nation's debt ceiling on monday. that's when the government reaches its legal borrowing limit. treasury can keep the government operating a couple of weeks using emergency measures but congress needs to act on this too to avoid a full-blown debt crisis. >>> toyota is announcing...
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Dec 27, 2012
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cliff, and just in case washington doesn't make a deal, we're going to get you ready. every day this week we're looking at how it will affect you and your pocketbook. today we're focusing on that potentially higher tax bill. ryan mack is president of optimum capital management and joins me via skype from detroit. good morning again, ryan. >> good morning, how are you doing? >> i'm doing pretty good, but we have to talk about tax rates and after that i don't know how i'll be doing. >> i understand. i understand. >> how much higherould tax rates go? >> well, we're looking at the top tax rate going to as high as 39.6% from 35%, the discussions of compromising a level of 37%. capital gains taxes increasing from 15% to 20% pre-bush tax levels. then estate taxes going as high as 55% with the $1 million exemption and currently the 35% with a $5 million exemption so we're definitely going to see a big change coming forward. >> so when will we feel it? >> well we won't feel it until 2014, when the majority of it, when the individuals file their 2013 taxes. the payroll tax cut w
cliff, and just in case washington doesn't make a deal, we're going to get you ready. every day this week we're looking at how it will affect you and your pocketbook. today we're focusing on that potentially higher tax bill. ryan mack is president of optimum capital management and joins me via skype from detroit. good morning again, ryan. >> good morning, how are you doing? >> i'm doing pretty good, but we have to talk about tax rates and after that i don't know how i'll be doing....
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Dec 8, 2012
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the fiscal cliff is fixable. every day washington fails to make a deal, more damage is being done. john king, ken rogath is the former chief economist at the international monetary fund and diane swonk joins us from mezro financial. john, some people say don't sweat it. the threat of going over the fiscal cliff is overblown. it will get done in an 11th hour deal. as you read the politics at play, what do you see? >> both sides digging in. you played the president saying, i want that rate hike. the republicans say we'll give you the revenues but not through a rate hike. the president believes he won the election and he upped the ante saying he wants twice as much in tax revenues than he wanted a year and a half ago. the president believes he has higher ground under this. i think maybe the democrats have a deeper trench, if you will. they have public opinion on their side. if you talk to people in washington there is a sense that at the last minute reason will prevail. there is a not a lot of optimism. you know this and my colleagues know it better than i do. more people are talking
the fiscal cliff is fixable. every day washington fails to make a deal, more damage is being done. john king, ken rogath is the former chief economist at the international monetary fund and diane swonk joins us from mezro financial. john, some people say don't sweat it. the threat of going over the fiscal cliff is overblown. it will get done in an 11th hour deal. as you read the politics at play, what do you see? >> both sides digging in. you played the president saying, i want that rate...
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Dec 21, 2012
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. >>> and another day, another big fat no deal for the fiscal cliff. we go live to washington. the very latest details. >>> and michael phelps' pick for the athlete of the year. this is a surprise. this guy, he never wins anything. good morning. welcome to "early start," everyone. i'm john berman. >> i'm zoraida sambolin. it's nice to have you with us. it is early, 5:00 a.m. in the east. the fury of the first winter storm is making holiday travel very difficult if not impossible. today new england is expected to get slammed by that storm. at least seven traffic-related deaths in four states are blamed on this crazy severe weather. as the storm barrelled through the plains and the great lakes, more than a foot of wet, heavy snow fell in parts of iowa and wisconsin. there were hundreds of flights canceled right at the height of the holiday travel, as you very well know. check this out. power lines sparking. look at that. and snapping. >> holy -- wow. >> and the storm's worst, 400,000 power customers in the region had no electricity. that number was down to 133,000 by yesterday af
. >>> and another day, another big fat no deal for the fiscal cliff. we go live to washington. the very latest details. >>> and michael phelps' pick for the athlete of the year. this is a surprise. this guy, he never wins anything. good morning. welcome to "early start," everyone. i'm john berman. >> i'm zoraida sambolin. it's nice to have you with us. it is early, 5:00 a.m. in the east. the fury of the first winter storm is making holiday travel very difficult...
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Nov 24, 2012
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daniel, my thees sis thsis is t washington is likely to avert a fiscal cliff, unleash the animal spirits. we have things going on that are going to lead to an american economic renaissance starting right about now. am i wrong? >> well, i don't share your optimism about us not going over the fiscal cliff. but i also don't think it will matter. what we've seen in the past couple years, the recovery we've seen has been in spite of government, not because of it. it's not just the factors that you cited, energy, manufacturing, housing finally coming back, housing starts up 40% in october year over year. our exports are at their highest level ever, even in this world that is growing more slowly. our goods and products have a big audience overseas. and the american consumer that was so down-and-out in '08 and '09 is back. consumer confidence, highest level since prerecession. more people are working at payroll jobs. their incomes are rising. everybody is doing a much better job keeping up with financial obligations, credit cards, mortgages, et cetera. all that means this could be a pretty decen
daniel, my thees sis thsis is t washington is likely to avert a fiscal cliff, unleash the animal spirits. we have things going on that are going to lead to an american economic renaissance starting right about now. am i wrong? >> well, i don't share your optimism about us not going over the fiscal cliff. but i also don't think it will matter. what we've seen in the past couple years, the recovery we've seen has been in spite of government, not because of it. it's not just the factors that...
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Dec 31, 2012
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in washington as the nation approached the called fiscal cliff. people are taking steps to cushion their families from the plunge, and this includes small businesses who are already feeling the pinch. joining me now from chicago, cnn ireporter and small business owner valerie. did i say that right, valerie? >> you did. hi, don. >> and in dallas john arnsmeier founder and ceo of small businesses majority. thank you both for joining us here. it's good to talk to people who this is actually affecting. what are the real impacts for small business owners here? >> well, don, we don't want to go over the cliff. it's going to have too big an impact on an economy that's really starting to recover right now. and, look, we're not going to get -- realistically we're not going to get a comprehensive tax and spending deal in the next 24 hours. what we have to do is pretty simple. it's what the president has requested the congress do. we net to pass -- maintain the tax cuts for the middle class which will benefit 97% of small businesses. we need to keep pegging
in washington as the nation approached the called fiscal cliff. people are taking steps to cushion their families from the plunge, and this includes small businesses who are already feeling the pinch. joining me now from chicago, cnn ireporter and small business owner valerie. did i say that right, valerie? >> you did. hi, don. >> and in dallas john arnsmeier founder and ceo of small businesses majority. thank you both for joining us here. it's good to talk to people who this is...
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Dec 16, 2012
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could hit the fiscal cliff, now, in washington, there could be a deal. at least they're close to a deal, possibly. a source close to the talks tells cnn that house speaker john boehner is willing to hike taxes on the wealthiest americans. that's something the president says must be included in any plan, but speaker boehner previously called tax increases on top earners a nonstarter. his office says there is no deal. >>> president obama seems set to nominate john kerry as his next secretary of state. united nations ambassador susan rice was the expexed choice, but you remember she pulled her name out of the running because of the controversy over her comments in the wake of the benghazi attacks. the formal announcement could come this week. >>> outgoing secretary of state, hillary clinton, is resting at home after suffering a concussion. she has been battling a stomach virus and fainted. her office said it's not severe, but clinton will be forced to skip her appearance in front of the house foreign relations committee this week. she was expected to testif
could hit the fiscal cliff, now, in washington, there could be a deal. at least they're close to a deal, possibly. a source close to the talks tells cnn that house speaker john boehner is willing to hike taxes on the wealthiest americans. that's something the president says must be included in any plan, but speaker boehner previously called tax increases on top earners a nonstarter. his office says there is no deal. >>> president obama seems set to nominate john kerry as his next...
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Dec 21, 2012
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the stock market tumbles as investors lose faith in washington. is the fiscal cliff already here? >>> america on top again, miss usa beating out contestants from all other countries, all other galaxies to become miss universe. we'll talk to her live straight ahead. >> it's friday, december 21st and "starting point" begins right now. good morning, welcome everybody. our team ron brownstein, editorial director for "national journal" will cain a contributor for theblaze.com and co-anchor john berman sticks around with us. house speaker john boehner has a news conference this morning, going to happen in just about two hours at 10:00 a.m. eastern time there's no doubt a lot of the focus will be on exactly what it was that happened last night, house republicans abandoning speaker boehner forcing him to cancel the vote on plan b. now lots of folks are asking what happened in those negotiations and what are the implications of what happened in those negotiations? our senior congressional correspondent is dana bash, watching it unfold. did it feel like the train wreck it feels like this mo
the stock market tumbles as investors lose faith in washington. is the fiscal cliff already here? >>> america on top again, miss usa beating out contestants from all other countries, all other galaxies to become miss universe. we'll talk to her live straight ahead. >> it's friday, december 21st and "starting point" begins right now. good morning, welcome everybody. our team ron brownstein, editorial director for "national journal" will cain a contributor for...
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Nov 11, 2012
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avoiding the fiscal cliff will require compromise, something that's been in short supply in washington over the last few years. stephen moore joins me again. john boehner, stephen, says they will accept higher tax revenues, but not higher taxes. explain that. >> it's not that complicated. we all agree the best way to bring this up is to bring the growth rate up from the 1% we've had in the last year or so. number two, when i talk to republicans, he said, look, we're willing to put these higher revenues on the table. we're willing to close the loopholes in the tax system, get rid of a lot of the car vouts that people benefit from those are rich people. i think republicans are willing to compromise on this. i have to say this. i'm frustrated wall of you on this, because yes, we have a fiscal cliff that's going to hit in january. but let's not forget the whole context of this. we are running $1.2 trillion deficits and we can't keep doing that year after year after year. we have to come up with solutions. >> david walker has been banging on this drum as well. >> the key is we have to avoid
avoiding the fiscal cliff will require compromise, something that's been in short supply in washington over the last few years. stephen moore joins me again. john boehner, stephen, says they will accept higher tax revenues, but not higher taxes. explain that. >> it's not that complicated. we all agree the best way to bring this up is to bring the growth rate up from the 1% we've had in the last year or so. number two, when i talk to republicans, he said, look, we're willing to put these...
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Dec 26, 2012
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on the fiscal cliff. senate and house expected to reconvene tomorrow. as you know, we have just six days left before across-the-board tax increases and spending cuts take effect. >>> former president george h.w. bush is still in a houston hospital. his wife, barbara, and other relatives at his side. the 88-year-old has been in the hospital for more than a month with a lingering cough. he recently had a low-grade fever. doctors remain cautiously optimistic about a full recovery. >>> a privacy breach in the facebook family. mark zuckerberg's sister says a family photo she posted on facebook was reposted by another woman on twitter. randy zuckerberg called that woman out. the woman said she thought it was public because it was in her facebook news feed. >>> in china, the world's longest high-speed rail train opens. 1,500 miles in eight hours on the train. the tickets are expensive starting at $138. many travelers say it's still cheaper and faster to fly. >>> tuf the right to know if your neighbor owns a gun?
on the fiscal cliff. senate and house expected to reconvene tomorrow. as you know, we have just six days left before across-the-board tax increases and spending cuts take effect. >>> former president george h.w. bush is still in a houston hospital. his wife, barbara, and other relatives at his side. the 88-year-old has been in the hospital for more than a month with a lingering cough. he recently had a low-grade fever. doctors remain cautiously optimistic about a full recovery....
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Dec 23, 2012
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let's get to work. >>> so far the fiscal cliff debate in washington has focused largely on taxes, tax rates, how much the wealthiest 1% or 2% americans will see their tax rates go up. tax hikes on the rich alone will not put all that much of a dent in the national deficit. could you take away every dollar from the top 1% of earners and it wouldn't fill the gap. we heard about chained cpi, a suggestion john boehner made for his proposal. i want to bring in christine romans to break this down. >> chained cpi would change the way the federal government calculate inflation. which could possibly save the government $300 billion over the next decade if implemented. normally every year, wages and prices go up. the consumer price index, the cpi measures how much they go up by tracking a basket of goods that americans typically buy. it's important, it's used to calculate cost of living adjustments on social security. checks pay a little more each year in line with inflation, as calculated by the cpi. now one potential flaw in the system, cpi assumes people don't change their basket of the pric
let's get to work. >>> so far the fiscal cliff debate in washington has focused largely on taxes, tax rates, how much the wealthiest 1% or 2% americans will see their tax rates go up. tax hikes on the rich alone will not put all that much of a dent in the national deficit. could you take away every dollar from the top 1% of earners and it wouldn't fill the gap. we heard about chained cpi, a suggestion john boehner made for his proposal. i want to bring in christine romans to break this...
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over this fiscal cliff. christine, you had a behind-the-scenes look yesterday at what's happened. >> i interviewed the ceo of fedex about the fiscal cliff, energy securities, but along the lines of the fiscal cliff there were a lot of people at this event, gene sperling, an adviser to the president, roy blount, a republican senator from tennessee there as well. people are grim right now about where we are on the fiscal cliff. i asked the ceo of fedex, he employs people. he is shipping packages. he cares about the price of oil, price of energy, and he cares about the clarity of what's happening in washington. listen so what i asked him. >> as a ceo, when you're watching the fiscal cliff, how do you make decisions? is it irrelevant to your business if we go over the fiscal cliff? how does a ceo look at what's happening in washington and decide for next year? >> most of the ceos look at the situation in washington with complete amazement and dismay to be frank about it. the problem is the ideological pinnings o
over this fiscal cliff. christine, you had a behind-the-scenes look yesterday at what's happened. >> i interviewed the ceo of fedex about the fiscal cliff, energy securities, but along the lines of the fiscal cliff there were a lot of people at this event, gene sperling, an adviser to the president, roy blount, a republican senator from tennessee there as well. people are grim right now about where we are on the fiscal cliff. i asked the ceo of fedex, he employs people. he is shipping...
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Dec 22, 2012
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and aside from the fiscal cliff, the battle in washington could hit you, the price of milk, higher. we'll explain.
and aside from the fiscal cliff, the battle in washington could hit you, the price of milk, higher. we'll explain.
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that we're 41 days from the fiscal cliff and washington is in bitter partisan deadlock, we want to test drive another idea, solve the problem. the wealthy pay more but tax rates on people who work might not go up right now. is this what the buffet rule really should have been? "out front" tonight is daniel altman. great to see you. what was amazing to me reading your proposal here that would tax the wealthy as opposed to just the rich, it's against the constitution right now to tax wealth in this country. >> right. you can't have a direct tax like that. in fact, we needed a constitutional embarrassment just to get the income tax back in 1913. that is the 16th amendment. we would need another amendment to get this wealth tax. it is 1 hun hu00 years later. >> i got another amendment i want. i want to change the voting day. i'm all for it. let's put some amendments in. but let's break down your math. if we taxed wealth, right, what people accumulate over time. 2010 are the numbers you're looking at. $58 trillion in wealth. if you just put a 1.5% tax on that, $870 billion, that is a lot of
that we're 41 days from the fiscal cliff and washington is in bitter partisan deadlock, we want to test drive another idea, solve the problem. the wealthy pay more but tax rates on people who work might not go up right now. is this what the buffet rule really should have been? "out front" tonight is daniel altman. great to see you. what was amazing to me reading your proposal here that would tax the wealthy as opposed to just the rich, it's against the constitution right now to tax...
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we always appreciate your insight. >> there may be bickering on capitol hill about the fiscal cliff, but outside of washington, americans want something done and yes, they want it done now. >>> and the oak ridge boys have been crooning for the ailing president, george h. bush and someone who was there will join us to tell us how it went. hey, look! a shooting star! make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today.
we always appreciate your insight. >> there may be bickering on capitol hill about the fiscal cliff, but outside of washington, americans want something done and yes, they want it done now. >>> and the oak ridge boys have been crooning for the ailing president, george h. bush and someone who was there will join us to tell us how it went. hey, look! a shooting star! make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the...
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Nov 13, 2012
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. >>> our second story outfront, 50 days until we fall off the fiscal cliff, unless washington acts. both parties claim to be optimistic about a deal to avert the end of the year combination of an end of the year increase in tax rates and slash in spending. how exactly, now, we know there are a lot of meetings scheduled. tomorrow, with the labor community. wednesday, the business community and friday, there's a meeting with harry reid, mitch mcconnell, house speaker john boehner and minority leader nancy pelosi. so, will we get a deal? one man getting a lot of attention is erskine bowles. who along with alan simpson created the simpson-bowles plan on deficit reduction. i have to start by asking you, did you ever think your name would be part of pop culture? you are the bowles in simpson bowles. >> better be simpson bowles than bowles simpson since everybody knows him by his initials here in washington. >> so, when you talk about things, sacred cows, untouchables, whatever the word might be, in your proposal, the one paul ryan decided not to back, the one barack obama decided not to b
. >>> our second story outfront, 50 days until we fall off the fiscal cliff, unless washington acts. both parties claim to be optimistic about a deal to avert the end of the year combination of an end of the year increase in tax rates and slash in spending. how exactly, now, we know there are a lot of meetings scheduled. tomorrow, with the labor community. wednesday, the business community and friday, there's a meeting with harry reid, mitch mcconnell, house speaker john boehner and...
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>> barbara starr, thank you very much in washington. >>> and now, to the fiscal cliff. and we are just about to go over the edge. congress has left for the holidays. if they don't get a deal done soon, tax increases and budget cuts will hit after the first of the year. earlier, republican congressman, steve la tourette said the president has been too focused on tax cuts for the rich. but he did leave the door open a little. >> i'm okay, you president, you can tax the rich people. but come up with some spending cuts, we're borrowing $1 trillion a year and he has not. >> indiana senator joe lieberman said he's more pessimistic than he's ever been that a deal will get done. >> in the aftermath of the house republicans rejecting speaker boehner's so-called plan b, the first time that i feel that it's more likely that we will go over the cliff than not. and that, if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. maybe ever in american history. >> leaders from both sides are expected back in washington
>> barbara starr, thank you very much in washington. >>> and now, to the fiscal cliff. and we are just about to go over the edge. congress has left for the holidays. if they don't get a deal done soon, tax increases and budget cuts will hit after the first of the year. earlier, republican congressman, steve la tourette said the president has been too focused on tax cuts for the rich. but he did leave the door open a little. >> i'm okay, you president, you can tax the rich...
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weekend, not much public evidence of any real progress on a deal the avoid the fiscal cliff. folks here in washington are wondering if this week will prove a turning point for republicans and democrats. members of congress expressed optimism sunday about the prospects for reaching a deal to avoid the fiscal cliff. a series of tax increases and spending cuts next year that could do serious damage to the economy. they also sounded warnings. >> we can and must get an agreement. otherwise i think first of all the markets are going to start reacting. >> it's not a done deal and not a certainty. if congress does nothing, which congress has gotten pretty good at doing these days, we'll go over the fiscal cliff. >> reporter: staffers have been working behind the scenes to find common ground to prevent across-the-board cuts lawmakers say should concern everyone. >> i think you should be worried if you have a fence job we all ought to be worried whether we are dependent upon other aspects of the federal budget, whether we're worried about the regulation of our food safety, whether we'r
weekend, not much public evidence of any real progress on a deal the avoid the fiscal cliff. folks here in washington are wondering if this week will prove a turning point for republicans and democrats. members of congress expressed optimism sunday about the prospects for reaching a deal to avoid the fiscal cliff. a series of tax increases and spending cuts next year that could do serious damage to the economy. they also sounded warnings. >> we can and must get an agreement. otherwise i...
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Dec 9, 2012
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the game of political chicken over the fiscal cliff is still being played in washington. why congress emptied out this weekend with no deal in hand. plus, what are the most intriguing images of 2012? from the disturbing to the hilarious, we'll look at the year that was. year that was. "your $$$$$" starts right now. -- captions by vitac -- www.vitac.com >>> congratulations, washington, you achieved nothing this week. this is "your $$$$$." last week, president obama's offer to avoid the fiscal cliff was laughed at by republicans. this week, the gop countererred. extend the bush tax cuts to everyone, including the rich. revenue, cost savings, cutting, whatever you want to call it from vague areas such as closing, special interest loopholes and deductions, savings from health care and cuts in discretionary spending. other than that, no specifics. president obama wasn't feeling it. he said the gop must agree to one thing to get anywhere close do a deal. >>. >> wee going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> spe
the game of political chicken over the fiscal cliff is still being played in washington. why congress emptied out this weekend with no deal in hand. plus, what are the most intriguing images of 2012? from the disturbing to the hilarious, we'll look at the year that was. year that was. "your $$$$$" starts right now. -- captions by vitac -- www.vitac.com >>> congratulations, washington, you achieved nothing this week. this is "your $$$$$." last week, president obama's...
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Nov 29, 2012
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cliff negotiations in washington. the dow rallied 100 points yesterday off of those comments. how many times have you heard me say congress will mess it up. >>> goldman sachs ceo met with the president and others yesterday for those fiscal cliff talks. listen to what he told wolf blitzer when asked if taxes should be raised on those making more than $250,000 a year. if that's what it takes to make the math work when you look at entitlement side and revenue side, i wouldn't preclude that. of course we would have to do that if the numbers drive that way. >> he said america can't afford itself right now the way we're going. fiscal cliff talks today continue with geithner making the rounds on capitol hill. later this morning, third quarter gdp expected to be revised higher. economists expect gdp for july to september to be revised from 2% to 2.8%. that would be good news. this is still modest growth. everyone hopes that next year will be a better year than this one in terms of growth. you want to see more than 2.5% growth
cliff negotiations in washington. the dow rallied 100 points yesterday off of those comments. how many times have you heard me say congress will mess it up. >>> goldman sachs ceo met with the president and others yesterday for those fiscal cliff talks. listen to what he told wolf blitzer when asked if taxes should be raised on those making more than $250,000 a year. if that's what it takes to make the math work when you look at entitlement side and revenue side, i wouldn't preclude...
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Nov 17, 2012
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>> interesting thing happening in washington where people are starting to downplay the fiscal cliff, more like a slope. won't hurt if we go over it and warren buffett among them saying don't worry, it won't be a recession and 535 people won't agree it won't crith u.s. economy. the $7 trillion taken out of the economy over ten years what. would be felt first? >> i think one thing we should go into this with, we may go over the cliff but we won't stay over the cliff. people in washington don't want us over the cliff for a couple of months. >> i think that's risky with the markets. >> that's playing with fire, you know. >> whatever your ideology, whatever you think about taxes and how much revenue we should raise and from whom, we should all agree that everybody should know what the heck it is they have got to pay. >> that's right. >> if i'm going to budget my paycheck, would i like to know what i'm getting in my paycheck. >> congress made this to be so horrible that we would never ever do it. congress said like here's a cup of poison. if we don't get a budget deal we'll make us drink t
>> interesting thing happening in washington where people are starting to downplay the fiscal cliff, more like a slope. won't hurt if we go over it and warren buffett among them saying don't worry, it won't be a recession and 535 people won't agree it won't crith u.s. economy. the $7 trillion taken out of the economy over ten years what. would be felt first? >> i think one thing we should go into this with, we may go over the cliff but we won't stay over the cliff. people in...
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Dec 29, 2012
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. >> in washington, i'm stacy cohan. >> uncertainty over the fiscal cliff is having a ripple effect from washington to wall street. u.s. stocks ended the session on friday in the red for the fifth straight day. a triple digit loss for the dow which tumbled 158 points, the nasdaq lost almost 26 points. the s&p 500 shed almost 16 points. and the gridlock in washington could help the current congress make history as the most unproductive ever. it's amazing. a review by the huffington post shows 219 bills have been passed this session, that's compared to 383 bills passed by the previous congress, and 460 by the group before that. now, to avoid the distinction, congress needs to submit about 100 bills to president obama over the next few days. something tells me they're not going to be able to do that. but there is one thing the senate has been able to agree on, getting aid to victims of superstorm sandy. by a 61-33 vote, the chamber passed the measure offering $60 billion in help. it heads to the house which must approve the bill by thursday or else the process has to start all over again. a
. >> in washington, i'm stacy cohan. >> uncertainty over the fiscal cliff is having a ripple effect from washington to wall street. u.s. stocks ended the session on friday in the red for the fifth straight day. a triple digit loss for the dow which tumbled 158 points, the nasdaq lost almost 26 points. the s&p 500 shed almost 16 points. and the gridlock in washington could help the current congress make history as the most unproductive ever. it's amazing. a review by the...
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Dec 6, 2012
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the foj kus is on washington as fiscal cliff negotiations continue. we will also get an update on the health of the labor market when the weekly jobless claims report comes out later this month. >>> by now you all know the siren logo. >> many of you will grab a cup of coffee this morning. starbucks ceo has sobering advice to offer on the looming fiscal cliff, that the consequences will be far worse than last year's debt ceiling fight when the u.s. credit rating was downgraded for the first time ever. his message to lawmakers, now is not the time to play politics. it's about doing right by the american people. >> i think if people would get in the room and leave their ego behind, and not be so skewed towards the party but be so sensitive to the lens of the american people, we will have an agreement. >> poppy harlow is joining us with more. we've been talking about how this will affect us. schultz says this goes way beyond our boarders. >> it's global. something that stuck with me talking to him about this, the people who need a deal most will be hurt t
the foj kus is on washington as fiscal cliff negotiations continue. we will also get an update on the health of the labor market when the weekly jobless claims report comes out later this month. >>> by now you all know the siren logo. >> many of you will grab a cup of coffee this morning. starbucks ceo has sobering advice to offer on the looming fiscal cliff, that the consequences will be far worse than last year's debt ceiling fight when the u.s. credit rating was downgraded for...
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Dec 3, 2012
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and of course, investors will be watching fiscal cliff negotiations in washington. we'll be watching that all week long. >>ure will. >>> the close bible of psychiatry is getting updates, autism, binge eating, mood disorders, even hoarding. we're going to dig into the details coming up. the distances aren't getting shorter. ♪ the trucks are going farther. the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. [ ding! ] losing your chex mix too easily? time to deploy the boring-potato chip decoy bag. then no one will want to steal the deliciousness.
and of course, investors will be watching fiscal cliff negotiations in washington. we'll be watching that all week long. >>ure will. >>> the close bible of psychiatry is getting updates, autism, binge eating, mood disorders, even hoarding. we're going to dig into the details coming up. the distances aren't getting shorter. ♪ the trucks are going farther. the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram....
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Dec 22, 2012
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regarding the fiscal cliff. todd mccracken is president of the national small business association. he joins me from washington, d.c. todd, if no deal is reached by the end of the year, a lot of people predict spending will slow down. how will business owners react? >> well, i think they're going to react in a negative way because you mentioned the lack of confidence, a lack of certainty that's going to result, and that's absolutely the case. if you're a business owner and you're thinking about maybe expanding, if you're someone who's thinking about starting a business, which is what we need in this economy, this is not the time you're going to do that. you're going to put those plans off until you see how this all will get resolved. there's lots of practical questions for other business owners as well this would queue up. >> hasn't a lot of that slowing down already happened in the previous months since -- you know, i've been talking to folks since october, november. they've stopped hiring. they aren't putting
regarding the fiscal cliff. todd mccracken is president of the national small business association. he joins me from washington, d.c. todd, if no deal is reached by the end of the year, a lot of people predict spending will slow down. how will business owners react? >> well, i think they're going to react in a negative way because you mentioned the lack of confidence, a lack of certainty that's going to result, and that's absolutely the case. if you're a business owner and you're thinking...
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Dec 18, 2012
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we do have big news coming out of washington on the fiscal cliff negotiation. it's about time, with just 14 days to go now, we learned overnight that president obama gave serious ground in his latest proposal to house speaker john boehner. tax rates would rise on incomes over $400,000. previously the president wanted higher taxes on house holes starting at $250,000. the president is also offering new spending cuts worth around $200 billion. the speaker has given some ground himself going from a no new taxes position to proposing tax hikes on those making $1 million. today the house speaker meets with some republican house members to update them on the negotiations. this could be a prickly meeting. dan lothian is in washington. it does look like there's some movement. >> reporter: it does. even house republican aides are saying this is positive movement, but they still take issue with the president's math. nonetheless, what we have seen here is a big breakthrough because the president over the campaign trail years when the president was out there pushing this mi
we do have big news coming out of washington on the fiscal cliff negotiation. it's about time, with just 14 days to go now, we learned overnight that president obama gave serious ground in his latest proposal to house speaker john boehner. tax rates would rise on incomes over $400,000. previously the president wanted higher taxes on house holes starting at $250,000. the president is also offering new spending cuts worth around $200 billion. the speaker has given some ground himself going from a...
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Dec 30, 2012
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let us know what you think about the fiscal cliff and the actions in washington. record a 20 to 30-second video that start my new year's message to washington is, and then add your message. you may see it featured right here on cnn. >>> a russian plane overshoots a runway and send debris flying on to a busy highway as emergency crews rush to get to survivors. it's all caught on tape. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair coul
let us know what you think about the fiscal cliff and the actions in washington. record a 20 to 30-second video that start my new year's message to washington is, and then add your message. you may see it featured right here on cnn. >>> a russian plane overshoots a runway and send debris flying on to a busy highway as emergency crews rush to get to survivors. it's all caught on tape. so now i can be in the scene. advair is clinically proven to help significantly improve lung function....
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Dec 8, 2012
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the question is the creation of washington of the fiscal cliff or a creation of your investors and bondholders across the world that look at you in the same light as europe some day. we all know that day isn't here. this is a lesson for the republican party, and i think it's a lesson we should all take. instead of when we look at all these programs, mark, where are we going to make cuts and how terrible is this going to be, we need to judge our concern and empat empathy, not by the money, something marco rubio and paul ryan talked about, by the outcomes, not how much we spend but what we get out of it. look at something how much money we throw at it we'll august suggest more, more, more. >> government does such a good job tracking outcomes. >> let's track the outcomes of tax loopholes so if we're going to evaluate outcomes it's important to evaluate the outcomes of tax loopholes. >> how quickly will all this felt? say they have a deal three weeks into the new year, that doesn't help you if you're trying to run an agency budget because you've got to make plans for january 2nd. >> agencies were
the question is the creation of washington of the fiscal cliff or a creation of your investors and bondholders across the world that look at you in the same light as europe some day. we all know that day isn't here. this is a lesson for the republican party, and i think it's a lesson we should all take. instead of when we look at all these programs, mark, where are we going to make cuts and how terrible is this going to be, we need to judge our concern and empat empathy, not by the money,...
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Nov 11, 2012
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we talk so much about the fiscal cliff and focussing on washington, but it's very true. so many families have their own. >> i mean, we are going through so much technological change more in the last ten years than the world went through in the last century. >> very true. >> it's going to take us a while to adjust. >> we'll get there one way or the other. >> reserve chairman ben bernanke coming with us this week in our global summit to amplify the importance of financial dignity and professor young is co-chairing that. >> thank you very much. appreciate it. very important discussion. >>> as we mentioned operation hope is hosting this summit, and the chairman ben bernanke will be the keynote speaker there. for more on operation hope, can you check out their website operation hope.org. >>> well, believe it or not 2016 is just around the corner. all right. pretty big corner. we admit that. it's never too early to start looking at the next presidential pain, dare i say that? we've got your first look. ee opy in today's challenging environment. unless you have the right perspe
we talk so much about the fiscal cliff and focussing on washington, but it's very true. so many families have their own. >> i mean, we are going through so much technological change more in the last ten years than the world went through in the last century. >> very true. >> it's going to take us a while to adjust. >> we'll get there one way or the other. >> reserve chairman ben bernanke coming with us this week in our global summit to amplify the importance of...
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Dec 4, 2012
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how republicans want to solve washington's fiscal cliff dilemma. what the democrats are saying about it today. >>> plus bold claims for iran. revolutionary guards showing off what they are claiming to be a captured american drone. why u.s. officials are saying don't believe it. >>> baby on board at buckingham palace. the royal couple, will and kate, creating a media frenzy on both sides of the pond with word that they are expecting. >> lots to talk about this morning. republican senator ron johnson, steve smith, to talk about that carbon monoxide leak that sent dozens of kids off to the hospital. and pat houston, whitney houston's sister-in-law and manager will join us to talk about a new book tuesday, december 4th. "starting point" begins right now. >>> good morning. welcome, everybody. ron brownstein joins us this morning, cnn senior political analyst. editor for national journal. bob shrum, and will cain. zoraida is sticking around with us as well from "early start." our "starting point" really is about the frustration and more finger pointing n
how republicans want to solve washington's fiscal cliff dilemma. what the democrats are saying about it today. >>> plus bold claims for iran. revolutionary guards showing off what they are claiming to be a captured american drone. why u.s. officials are saying don't believe it. >>> baby on board at buckingham palace. the royal couple, will and kate, creating a media frenzy on both sides of the pond with word that they are expecting. >> lots to talk about this morning....
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Dec 13, 2012
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investors eyeing washington's fiscal cliff talks. it's an investment landscape full of uncertainties and fed chief ben bernanke is being crystal clear. the fed will keep interest rates low, very low, near zero, until the jobless rate falls to 6.5%. there's an inflation rate target of 2.5%. they're not going to change things. the fed downgraded its forecast for u.s. growth next year. now 2.3 to 3% and they expect the jobless rate to stay about where it is right now. ben bernanke said the fed does not have enough tools to offset the fiscal cliff, so a warning from the fed that the fiscal cliff is already hurting household confidence and business spending. >>> meantime security firm mcafee releasing a report about plans for a massive cyber attack on 30 u.s. banks. cyber criminals banding together around the world for project blitz creek targeting millions of dollars in consumers' bank accounts. they plan to use malware dying dormant in the u.s. financial system. here are a few of the banks at risk. citibank, wachovia, wells fargo, also
investors eyeing washington's fiscal cliff talks. it's an investment landscape full of uncertainties and fed chief ben bernanke is being crystal clear. the fed will keep interest rates low, very low, near zero, until the jobless rate falls to 6.5%. there's an inflation rate target of 2.5%. they're not going to change things. the fed downgraded its forecast for u.s. growth next year. now 2.3 to 3% and they expect the jobless rate to stay about where it is right now. ben bernanke said the fed...
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Dec 31, 2012
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investors are waiting to see what's going to happen in washington over the fiscal cliff. joining me from london is richard quest. good afternoon to you. europe has seen its own budget crisis over the past few years. are there any valuable take aways that lawmakers in the u.s. could use as guidance? >> i'm not sure. i thought very long and hard since i knew we were discussing this for parallels. and i think what you really come down to is that of compromise. and the ability to do a deal. when in the face of opposition, you just have to get something done because the ramifications are so serious if you don't. in the case of the eurozone, you had 27 countries and nobody could agree and you had different political philosoph s philosophies. that sounds similar to the fiscal cliff and certainly the eurozone pushed things to the absolute limit. almost to breaking point during the summer where again and again they would not agree until disaster was on their doorstep. that's the similarity to what we're seeing tonight. >> i know. we're hearing that negotiations are ongoing. they a
investors are waiting to see what's going to happen in washington over the fiscal cliff. joining me from london is richard quest. good afternoon to you. europe has seen its own budget crisis over the past few years. are there any valuable take aways that lawmakers in the u.s. could use as guidance? >> i'm not sure. i thought very long and hard since i knew we were discussing this for parallels. and i think what you really come down to is that of compromise. and the ability to do a deal....
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Sep 8, 2012
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so yeah whoever's to blame for the fiscal cliff i think congress and washington, i agree with you bears half the blame for this. the other half is the global economy. and europe. i don't think either of that has to do with the president all that clearly. >> no esident since the great depression has been re-elected with the unemployment rate this high. that is the historical barrier barack obama is trying to clear. this does not help. >> john, you've been talking a lot about the small number of people who are kind of undecided. the small number of people still yet to make a call. how much are they impacted by these numbers? >> it's a great question. we want to see how this plays out. this is a national number. we will get new state numbers. before the election. i'm going to go out to the states and talk to people up close. if they don't think things are getting better they go shopping for something new. if you don't like your car, you go to a new dealer. i talked to some republicans who did some focus groups last night. remember, these are republicans. they say the focus groupings are in
so yeah whoever's to blame for the fiscal cliff i think congress and washington, i agree with you bears half the blame for this. the other half is the global economy. and europe. i don't think either of that has to do with the president all that clearly. >> no esident since the great depression has been re-elected with the unemployment rate this high. that is the historical barrier barack obama is trying to clear. this does not help. >> john, you've been talking a lot about the...
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Nov 29, 2012
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the fiscal cliff. >>> $7 coffee. starbucks thinks you will pay. coffee connoisseurs can pay $7 for a grande cup of costa rica fincapalamara. it's called mucho deneiro. cultivated from a central american bean known as geisha. it is extremely difficult to produce. the same america who spends $7 on lottery tickets you know you won't win. you can drink this. >> would you? >> to be honest, once i would. >> sucker. $7 coffee. you need music or television or something. >> people to dance. >> yeah. it's like the $5 shake in "pulp fiction." better be a good cup of coffee. a new report says president obama is being flexible with top tax rates as negotiations intensify. will that help republicans agree to a deal? we'll be talking to republican from wyoming senator john barrasso up next. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or e
the fiscal cliff. >>> $7 coffee. starbucks thinks you will pay. coffee connoisseurs can pay $7 for a grande cup of costa rica fincapalamara. it's called mucho deneiro. cultivated from a central american bean known as geisha. it is extremely difficult to produce. the same america who spends $7 on lottery tickets you know you won't win. you can drink this. >> would you? >> to be honest, once i would. >> sucker. $7 coffee. you need music or television or something....
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Dec 11, 2012
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still ahead, secrets surrounding the fiscal cliff negotiations in washington. no one is talking -- secrets. many say it's a sign of progress. others say it should be out in the open. jeff sessions will weigh in, that next. >>> this is not your typical shopper. how this well-dressed little monkey ended up in ikea. >> a monkey in a coat. >> nice jacket. looks like a shearling. back in a moment. so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. >>> good morn
still ahead, secrets surrounding the fiscal cliff negotiations in washington. no one is talking -- secrets. many say it's a sign of progress. others say it should be out in the open. jeff sessions will weigh in, that next. >>> this is not your typical shopper. how this well-dressed little monkey ended up in ikea. >> a monkey in a coat. >> nice jacket. looks like a shearling. back in a moment. so, this board gives me rates for progressive direct and other car insurance...
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navy band. >>> the fiscal cliff grabbing the headlines in washington. but that's not the only big event at the nation's capital. next month, president obama will be inaugurated for a second term and that means plenty of turnover among his top advisers. emily schmitt has a look at the upcoming cabinet. >> reporter: this -- >> this is a wonderful opportunity for me to meet with my full cabinet. >> reporter: maybe the last glimpse of this picture. >> he wants to put together a team, especially in international affairs, a team overall that going into a second term doesn't look like a second team, does not look like a group of second stringers. >> reporter: the likely short list to succeed secretary of state hillary clinton, is also politically charged. susan rice is thought to be a leading contender, but some republicans have been highly critical of rice following the attack on the u.s. consulate in libya. >> when they go after the u.n. ambassador, apparently because they think she's an easy target, then they've got a problem with me. >> senator mccain? >>
navy band. >>> the fiscal cliff grabbing the headlines in washington. but that's not the only big event at the nation's capital. next month, president obama will be inaugurated for a second term and that means plenty of turnover among his top advisers. emily schmitt has a look at the upcoming cabinet. >> reporter: this -- >> this is a wonderful opportunity for me to meet with my full cabinet. >> reporter: maybe the last glimpse of this picture. >> he wants to...
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Dec 25, 2012
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. >>> and we're seven days away from going off the fiscal cliff and with washington in a political gridlock we're getting closer and closer. the question, how will it affect you and your paycheck? >>> the images, the words, the names, highlights and low lights of 2012. "newsroom" starts now. >>> good morning to you. i'm carol costello wishing you and yours a merry christmas and we begin with pope benedict xvi using his an i'll christmas message to speak about the hope for peace even in the most difficult times and situations. >> translator: in this world there's a good soil which god has prepared -- >> just hours ago the 85-year-old pope spoke to a crowd in st. peter's square and millions of others watching around the world. he said even in syria, a nation embroiled in a nearly two-year long civil war peace is possible. >> translator: yes, peace for the people of syria. deeply wounded and divided by a conflict which does not spare even the defenseless. and reaps innocent victims. once again, i appeal for an end to the bloodshed. easier access for the relief of refugees and the displaced. an
. >>> and we're seven days away from going off the fiscal cliff and with washington in a political gridlock we're getting closer and closer. the question, how will it affect you and your paycheck? >>> the images, the words, the names, highlights and low lights of 2012. "newsroom" starts now. >>> good morning to you. i'm carol costello wishing you and yours a merry christmas and we begin with pope benedict xvi using his an i'll christmas message to speak...
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Dec 23, 2012
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. >>> to washington now and the negotiations over the fiscal cliff. actually, there really aren't any negotiations now. the president is in hawaii. we're in a bit of a holding pattern as both sides dig in their heels. the middle class and small businesses were the focus during the presidential campaign. but, now, they stand to be the biggest losers as the battle in washington pushes us closer to that cliff. cnn's emily schmidt has more. >> go on. >> reporter: there are people who make overcoming obstacles even those towering 40 vertical feet high look easy. these rock climbers the heart of the climbing center business. >> i think with climbing, you have to trust your partner and you have to know that they're holding your rope. >> reporter: this takes team work which is why she's frustrated of another cliff looming in washington. >> so much uncertainty, not just for me as a business owner but for our members and our clientele. >> reporter: with negotiations stalled, she has put plans to expand her business on hold. she's worried because going over the
. >>> to washington now and the negotiations over the fiscal cliff. actually, there really aren't any negotiations now. the president is in hawaii. we're in a bit of a holding pattern as both sides dig in their heels. the middle class and small businesses were the focus during the presidential campaign. but, now, they stand to be the biggest losers as the battle in washington pushes us closer to that cliff. cnn's emily schmidt has more. >> go on. >> reporter: there are...
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cliff, the one washington created. it seems with the noise of the campaign behind us, washington is listening, which means that after several months of harping on the dangers that you face, i am ready to make a big switch to telling you about the opportunities that lie ahead. i'm ali velshi and this is "your money." look, the clet of tthreat of th cliff remains real. i will not drop this subject until it's settled. but there is life after washington-induced catastrophe, and frankly, it looks like a pretty good life. if all goes according to plan, 2013 could be a big turnaround year for the u.s. the start of a recovery that feels real. most of it will have very little to do with washington policy, though your state and federal government will have to step in to make it happen. let me explain. first, there is an energy boom under way in the united states right now. fueled by the joint forces of hydraulic fracturing or fracking of natural gas out of shale and buy mo by more drilling for oil. natural gas is increasingly ch
cliff, the one washington created. it seems with the noise of the campaign behind us, washington is listening, which means that after several months of harping on the dangers that you face, i am ready to make a big switch to telling you about the opportunities that lie ahead. i'm ali velshi and this is "your money." look, the clet of tthreat of th cliff remains real. i will not drop this subject until it's settled. but there is life after washington-induced catastrophe, and frankly,...
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. >>> it is the fiscal cliff waiting game in washington. both sides still refusing to compromise. if no agreement is reached, americans will be paying higher taxes next year. president obama and house speaker boehner will be back to work this thursday to try and reach a last-minute deal. >>> his doctors are optimistic but they aren't ready to release former president george herbert walker bush. the 88-year-old is expected to stay in a houston hospital over christmas. mr. bush was treated for bronchitis in early november. he has been in the hospital for more than a month. >>> and you know who knows if you've been bad or good. norad is tracking santa as he delivers presents around the world. he is definitely on the move. we're here to report, making his way to the u.s. norad says it uses fighter jets and even santa cams to watch st. nick. he's been watching us all year, now we're watching him. i'm natalie allen with a look at the headlines this christmas eve. now back to the "the two marys." ♪ >>> for centuries, she has been portrayed as a sinner, a prostitute whom jesus saves. in
. >>> it is the fiscal cliff waiting game in washington. both sides still refusing to compromise. if no agreement is reached, americans will be paying higher taxes next year. president obama and house speaker boehner will be back to work this thursday to try and reach a last-minute deal. >>> his doctors are optimistic but they aren't ready to release former president george herbert walker bush. the 88-year-old is expected to stay in a houston hospital over christmas. mr. bush...
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and avoiding the fiscal cliff. it is another sign of the division and dysfunction in washington d.c. where the common sense concerns of main street america. ac 360 starts right now. >> if you are looking for tonight's breaking news look out the woindow. much of it nasty. the kind of stuff tieing up travel. tornados out of season and out of the blue in your face. >> my god we need to go. it is right there. we have to hurry up and get past it. >> one view of the storm as it moved throughed alabama area. >> my god look that is a tornado. wow. jesus look at that tornado. my god that is cool. jesus please keep your hands on who ever is over there. look at them. that is like two tornados. it is two funnels on the ground. oh lord. look there. wow. oh xgt oh my god look at that. look there is another one it is fix thiing to touch down. we are going to have toged in the bathroom it is coming towards us. in the south like little rock, arkansas they got 9 inches of snow. more than they have seen in 86 years. it is more coming
and avoiding the fiscal cliff. it is another sign of the division and dysfunction in washington d.c. where the common sense concerns of main street america. ac 360 starts right now. >> if you are looking for tonight's breaking news look out the woindow. much of it nasty. the kind of stuff tieing up travel. tornados out of season and out of the blue in your face. >> my god we need to go. it is right there. we have to hurry up and get past it. >> one view of the storm as it...
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>>> washington finally seems ready to ring in the new year with a deal that averts the fiscal cliff. it only has taken 517 days to reach this point. what a waste of time. from the cnn money newsroom in new york, i'm ali velshi. this is your money. with only hours to go, president obama says a deal between democrats and republicans is, quote, within reach as america ticks closer to the fiscal cliff at midnight. >> they are close, but they're not there yet. and one thing we can count on with respect to this congress is that if there is even one second left before you have to do what you're supposed to do, they will use that last second. >> duown to the wire. if you thought the fiscal cliff snuck up on congress, the debt ceiling bill that triggered this to begin with was signed into law in 2011. we have known from that day forward this day would be upon us if nothing was done. and everyone in congress has known all along what it would take to avert the blanket tax hikes and spending cuts that are mandated to start in the new year. how much time is that, by the way? 517 days, or you can
>>> washington finally seems ready to ring in the new year with a deal that averts the fiscal cliff. it only has taken 517 days to reach this point. what a waste of time. from the cnn money newsroom in new york, i'm ali velshi. this is your money. with only hours to go, president obama says a deal between democrats and republicans is, quote, within reach as america ticks closer to the fiscal cliff at midnight. >> they are close, but they're not there yet. and one thing we can...
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thanks to rg3, the fiscal cliff isn't all they're talking about in washington these days. they're also talking playoffs. cnn's brian todd has a closer look at the teams' rookie savior. >> reporter: nicknamed rg3, this 22-year-old has mesmerized the entire city, captured the hearts of football fans throughout the nation's capital. a 2011 heisman trophy winner from baylor and number two overall pick, rg3 is helping to instill a winning attitude as the redskins rebuild. >> accelerating, sliding down, lost the ball, into the hands of joshua morgan. >> reporter: he may be the only person who can actually unify washington. redskins rookie quarterback robert griffin iii. the phenomenon that is rg3 seems to be immuned to pressure. he took another step closer to an improbable playoff run by leading the redskins to their third consecutive win monday night over the defending super bowl champion new york giants. cnn spoke to him in may, shortly after he was drafted. >> it's not about, hey, we're a team that have only made it twice in the past 12 years in the playoffs. it's a team, we
thanks to rg3, the fiscal cliff isn't all they're talking about in washington these days. they're also talking playoffs. cnn's brian todd has a closer look at the teams' rookie savior. >> reporter: nicknamed rg3, this 22-year-old has mesmerized the entire city, captured the hearts of football fans throughout the nation's capital. a 2011 heisman trophy winner from baylor and number two overall pick, rg3 is helping to instill a winning attitude as the redskins rebuild. >>...
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appreciate it. >> thanks, soledad. >>> 48 days to reach that fiscal cliff unless washington, d.c. acts. new op-ed to give the economy a jolt. one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. hey. hey. we gotta stay focused. you got one more game to go. you gotta keep that fire in the belly. coach rick's got something for you. [ all cheering ] deshawn! ♪ found out during halftime. [ all cheering ] [ male announcer ] the simple joy of making the grade. ♪ >>> welcome back, everybody. we're talking about the fiscal cliff this morning. goldman sachs chairman and ceo has an op-ed this morning, called the business plan for the american revival. grab it right now if you haven't had a chance to read it. he talks
appreciate it. >> thanks, soledad. >>> 48 days to reach that fiscal cliff unless washington, d.c. acts. new op-ed to give the economy a jolt. one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's...